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You Will Never Guess What Aetna CEO Mark Bertolini said About the Cost of ObamaCare

Will this presidential election be the most important in American history?

Appearing as a guest host on CNBC’s “Squawk Box,” Aetna CEO and chairman Mark Bertolini bluntly criticized ObamaCare.

Bertolini said ObamaCare is too expensive saying that the program has more people covered with insurance, “but it’s really not an affordable product for a lot of people.”

He added to get more people covered requires “a more affordable system.” According to Bertolini, the best way to make insurance cheaper and drive down costs is by putting the consumer in charge of health care decisions.

“If we’re going to fix health care, we’ve got to get at the delivery of care and the cost of care,” Bertolini said in a “Squawk Box” interview. “The ACA does none of that. The only person who’s really going to drive that is the consumer and the decisions they make.”

Earlier in the program, Bertolini suggested that individuals that signed up with Aetna via ObamaCare were older, sicker and would likely use more services and as a result, the company would make less money on these customers.

“We have 600,000 … customers as a result of the Affordable Care Act,” Bertolini said. “We do know they are sicker. We know 87 percent are subsidized. We know they are older. So we expect they are going to use more health care.”

“We priced this [Obamacare] business at lower margins in the 3 percent to 5 percent range … but we didn’t plan or expect earnings as a result of those populations,” he explained.

It sure looks like the economic reality of ObamaCare on Aetna has the CEO speaking the truth.

It’s refreshing to hear honest and objective criticism of ObamaCare and common sense free-market solutions to health care from an insurance company CEO.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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